Left Brain Wealth Management LLC Buys Shares of 3,472 Duolingo, Inc. (NASDAQ:DUOL)

Left Brain Wealth Management LLC bought a new position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 3,472 shares of the company's stock, valued at approximately $1,126,000.

Other hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC bought a new position in shares of Duolingo during the 3rd quarter worth approximately $26,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Duolingo during the 4th quarter worth approximately $31,000. First Horizon Advisors Inc. bought a new position in shares of Duolingo during the 3rd quarter worth approximately $29,000. Global Retirement Partners LLC grew its stake in shares of Duolingo by 1,255.6% in the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock valued at $40,000 after buying an additional 113 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Duolingo by 164.6% in the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company's stock valued at $36,000 after buying an additional 79 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DUOL shares. DA Davidson raised their target price on shares of Duolingo from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Piper Sandler raised their target price on shares of Duolingo from $351.00 to $390.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Citizens Jmp raised shares of Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 target price for the company in a research note on Tuesday. UBS Group set a $400.00 target price on shares of Duolingo in a research note on Tuesday. Finally, JPMorgan Chase & Co. raised their target price on shares of Duolingo from $400.00 to $410.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $376.25.

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Insider Transactions at Duolingo

In related news, CEO Ahn Luis Von sold 8,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $293.80, for a total value of $2,350,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Severin Hacker sold 10,000 shares of the business's stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $336.82, for a total value of $3,368,200.00. Following the completion of the transaction, the insider now directly owns 72 shares of the company's stock, valued at approximately $24,251.04. This trade represents a 99.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,499 shares of company stock valued at $31,512,968. 18.30% of the stock is currently owned by corporate insiders.

Duolingo Stock Performance

Shares of DUOL traded down $5.37 during midday trading on Tuesday, reaching $288.81. 650,037 shares of the stock were exchanged, compared to its average volume of 697,909. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $441.77. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a market cap of $13.07 billion, a P/E ratio of 157.82 and a beta of 0.92. The stock's 50 day simple moving average is $349.18 and its 200 day simple moving average is $317.89.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. On average, sell-side analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Duolingo Profile

Duolingo, Inc operates as a mobile learning platform in the United States, the United Kingdom, and internationally. The company offers courses in 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app. It also provides a digital English language proficiency assessment exam.